Morehouse Industries Inc. reported second-quarter profits of $10,600 for the period ended Feb. 28, as compared to a $62,000 loss in the year-ago quarter.
The Fullerton-based manufacturer of industrial equipment for the chemical process industries credited a resurgence of overseas sales combined with new product introductions for the turnaround. For the quarter, the company said its sales increased 63%, to $1.2 million, from revenues of $746,000 during the comparable 1984 period.
However, the company reported a loss for the first half of its fiscal 1985, as it did for the first six months of 1984. In its 1985 first half, Morehouse lost $58,700, compared to a loss of $65,700 in the year-ago period. Sales for the period were $1.97 million, a 9% increase from the $1.8 million reported in the comparable period last year.
During the past three years, the company has brought nearly $1 million worth of capital equipment on line that is producing new products more quickly and economically, said E.J. Szkaradek, the company's president and chief executive.